SPSS IF Commercial: Fund lifts limit for special-purpose properties

The fund managed by Swiss Prime Site Solutions wants to lift the restriction on investments in special properties in the fund contract and justifies this with investment opportunities.

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Swiss Prime Site Solutions announces an amendment to the fund contract for the Investment Fund Commercial (SPSS IF Commercial). Accordingly, a reference to special-purpose properties and a restriction on investments in special-purpose properties is to be omitted from the list of possible asset classes. This refers, for example, to publicly used properties, hospitals, schools as well as logistics and industrial light space. According to the existing contract, such properties may account for a maximum of 20% of the fund assets. As the fund management company writes, the separate reference to special properties is not necessary, as these fall under the "commercial properties" already listed. In addition, the previous restriction on investments in special-purpose properties is not in the interests of investors, as the real estate market increasingly offers such investment opportunities - "which also outperform 'traditional' commercial properties such as retail and office space in terms of returns", the fund management company writes in justification. (aw)

 

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